Jump Financial LLC Lowers Holdings in Lincoln National Co. (NYSE:LNC)

Jump Financial LLC reduced its position in shares of Lincoln National Co. (NYSE:LNC - Free Report) by 35.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,159 shares of the financial services provider's stock after selling 87,392 shares during the period. Jump Financial LLC owned 0.09% of Lincoln National worth $5,015,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. HighPoint Advisor Group LLC grew its position in Lincoln National by 3.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 8,460 shares of the financial services provider's stock worth $268,000 after purchasing an additional 262 shares during the period. Forvis Mazars Wealth Advisors LLC increased its position in shares of Lincoln National by 3.1% during the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 11,199 shares of the financial services provider's stock valued at $355,000 after purchasing an additional 338 shares during the last quarter. Roman Butler Fullerton & Co. boosted its holdings in shares of Lincoln National by 5.5% in the fourth quarter. Roman Butler Fullerton & Co. now owns 6,610 shares of the financial services provider's stock worth $224,000 after buying an additional 343 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in Lincoln National by 30.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,500 shares of the financial services provider's stock worth $48,000 after acquiring an additional 350 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Lincoln National by 20.2% during the 4th quarter. Versant Capital Management Inc now owns 2,104 shares of the financial services provider's stock worth $67,000 after acquiring an additional 354 shares during the last quarter. 72.81% of the stock is owned by institutional investors.

Lincoln National Trading Up 3.0 %

NYSE:LNC traded up $0.88 during mid-day trading on Tuesday, hitting $30.19. 195,464 shares of the stock traded hands, compared to its average volume of 1,615,400. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 1.64, a PEG ratio of 0.30 and a beta of 1.56. Lincoln National Co. has a 52 week low of $25.80 and a 52 week high of $39.85. The firm's 50 day moving average is $35.02 and its two-hundred day moving average is $34.06.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 EPS for the quarter, beating the consensus estimate of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. On average, equities research analysts predict that Lincoln National Co. will post 7.69 earnings per share for the current year.

Lincoln National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.45 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.80 dividend on an annualized basis and a yield of 5.96%. Lincoln National's dividend payout ratio is currently 9.79%.

Wall Street Analyst Weigh In

A number of analysts have commented on LNC shares. Barclays upped their price target on Lincoln National from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, February 7th. Morgan Stanley cut their target price on Lincoln National from $42.00 to $32.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company cut their price objective on shares of Lincoln National from $36.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. UBS Group lifted their price target on shares of Lincoln National from $32.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Finally, Evercore ISI increased their target price on Lincoln National from $41.00 to $44.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $35.91.

Lincoln National Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.